The earnings call presented a mixed picture with slight revenue growth and strong litigation-related activity offset by flat net revenues, decreased net income, and challenges in utilization. Positive developments in utility sector risk management and recruiting efforts were overshadowed by declines in the environmental and health segment and regulatory delays.

Company Guidance -

Q3 2025

During Exponent's Second Quarter 2025 Earnings Conference Call, the company provided guidance indicating a positive outlook despite some challenges. Revenues for the quarter were $142 million, with net revenues nearly flat at $132.9 million compared to the same period in 2024. Net income decreased to $26.6 million, or $0.52 per diluted share, from $29.2 million, or $0.57 per diluted share, a year earlier. The EBITDA decreased by 7% to $37 million, resulting in a margin of 27.8% of net revenues, attributed to decreased utilization and increased operating expenses. Utilization dropped to 72.1% from 75.1% in 2024, impacted partly by the inclusion of the July 4 holiday in the quarter. Looking forward, Exponent expects third-quarter revenues before reimbursements to grow in the mid-single digits, with EBITDA margins ranging from 26.75% to 27.75%. For fiscal year 2025, the company maintains guidance for low single-digit growth in revenues before reimbursements and EBITDA margins between 26.5% to 27%. The company noted that headcount was anticipated to grow by 4% by year-end, reflecting successful recruiting efforts. Exponent remains confident in its ability to capitalize on growth opportunities across various sectors, citing strong demand in areas like advanced driver assistance systems, medical devices, and proactive risk management in the utility sector.

Revenue and Growth Metrics

Revenues in the second quarter increased 1% to $142 million, exceeding expectations. This growth was driven by demand for failure analysis expertise, particularly in construction, automotive, and medical device sectors.

Litigation-Related Activities Growth

Continued growth in litigation-related activities, driven by rising safety and performance expectations, with a 7% increase in disputes-related work year-over-year.

Proactive Engagements in Utility Sector

Proactive engagements led by risk management work in the utility sector, including wildfire risk mitigation, leveraging expertise in structural and electrical engineering.

Headcount and Recruiting Efforts

Recruiting efforts gained traction, narrowing the headcount gap from a 5%-6% deficit to 2%, with expectations for headcount growth in the third and fourth quarters.

Exponent (EXPO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

EXPO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	0.49 / -	0.5	―	―	―
Jul 31, 2025	2025 (Q2)	0.49 / 0.52	0.57	-8.77% (-0.05)	―
May 01, 2025	2025 (Q1)	0.48 / 0.52	0.59	-11.86% (-0.07)	―
Feb 06, 2025	2024 (Q4)	0.40 / 0.46	0.41	12.20% (+0.05)	―
Oct 24, 2024	2024 (Q3)	0.48 / 0.50	0.48	4.17% (+0.02)	―
Jul 25, 2024	2024 (Q2)	0.51 / 0.57	0.5	14.00% (+0.07)	―
Apr 25, 2024	2024 (Q1)	0.47 / 0.59	0.56	5.36% (+0.03)	―
Feb 01, 2024	2023 (Q4)	0.44 / 0.41	0.44	-6.82% (-0.03)	―
Oct 26, 2023	2023 (Q3)	0.48 / 0.48	0.47	2.13% (+0.01)	―
Jul 27, 2023	2023 (Q2)	0.51 / 0.50	0.49	2.04% (+0.01)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

EXPO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$68.96	$68.33	-0.91%
May 01, 2025	$77.52	$76.48	-1.34%
Feb 06, 2025	$89.15	$90.22	+1.20%
Oct 24, 2024	$105.26	$95.91	-8.88%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Exponent (EXPO) report earnings?

Exponent (EXPO) is schdueled to report earning on Oct 23, 2025, After Close (Confirmed).

What is Exponent (EXPO) earnings time?

Exponent (EXPO) earnings time is at Oct 23, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is EXPO EPS forecast?

EXPO EPS forecast for the fiscal quarter 2025 (Q3) is 0.49.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing